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India to take more policy steps: FM

October 16, 2008
Finance Minister P Chidambaram said that the Reserve Bank of India has agreed on measures to address the liquidity problem.

Chidambaram also added that RBI Governor will work out the details agreed upon. India's financial markets were badly shaken last week as the global financial crisis spread, with stocks falling almost 16 per cent, the rupee hitting a record low and overnight lending rates leaping to 23 per cent.

Video: ANI
Also see: Global crisis dampens Infy outlook

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